1715 N 16th Ave | Hollywood, FL 33020
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1715 N 16th Ave
Hollywood, FL 33020
Hollywood Apartments · Multifamily Property For Sale
·
44 Units
Investment Highlights
- 44* Unit, Apartment Building Located East of US-1 (Federal Highway) in Hollywood (Currently Operating as 44 Units – Licensed as a Legal 43 Units)
- Being Offered for Sale at 9.6x Current Gross Rent and ~8.5 GRM at Market Rents
- Concrete Roof, Central A/C, 3 Laundry Rooms, Elevator, Pool, Storage Rooms
- Rare Opportunity to Acquire 40+ Units East of Federal Highway (US-1) in Broward County
- Value Add Opportunity – 1-Bedrooms averaging $1,600 & 2-Bedrooms averaging $1,850
- Proximate to Federal Highway, Sheridan Street, Hollywood Boulevard, Young Circle, South Broward High School, Hollywood Beach and Downtown Hollywood
Property Facts
| No. Units | 44 | Building Size | 29,312 SF |
| Property Type | Multifamily | Average Occupancy | 77% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Mid-Rise | Year Built | 1969 |
| Building Class | C | Parking Ratio | 0.59/1,000 SF |
| Lot Size | 0.73 AC | ||
| Zoning | RM-18 - Multifamily | ||
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 29,312 SF |
| Average Occupancy | 77% |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 0.59/1,000 SF |
| Zoning | RM-18 - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Tile Floors
- Kitchen
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Pool
- Storage Space
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 37 | - | - |
| 2+2 | 7 | - | - |
Property Taxes
| Parcel Number | 51-42-10-40-0250 | Improvements Assessment | $6,569,840 |
| Land Assessment | $379,550 | Total Assessment | $6,949,390 |
Property Taxes
Parcel Number
51-42-10-40-0250
Land Assessment
$379,550
Improvements Assessment
$6,569,840
Total Assessment
$6,949,390
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